Cetera Suspends Offerings Sponsored by AR Capital

November 16, 2015

Cetera Financial Group has suspended sales of all AR Capital-sponsored investment offerings through their entire broker-dealer network, including First Allied Securities, Girard Securities, Investors Capital, VSR Financial Services, and The Legend Group. Cetera, the nation’s second largest independent broker-dealer by registered representative count, is the crown jewel of beleaguered RCS Capital Corp. (NYSE: RCAP), which also owns the managing broker-dealer of AR Capital’s offerings. Both RCS and AR Capital were founded by Nicholas Schorsch and his partners, including Michael Weil, who serves as the chief executive officer and a member of the board of directors of RCS.


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Thomas E. Burns, III
July 29, 2015
February 22, 2016

I subscribe to Blue Vault to keep up with the sponsors and their wholesalers! The analysis keeps me up to date with the various portfolios and the way they are managed, including the differences between them.